USDJPY and Short Trade

FX:USDJPY   U.S. Dollar / Japanese Yen
316 0 21
Prices reached MA100 and bounced. RSI and MACD confirm price reversal and we have a signal for opening short trades. Entry level is below 102.75 with stop above 104.20. Take-profit orders should be near the support level .
This short trade will be opened in the same direction as the main trend. If price breaks the local swing high, we'll have a signal for long trades. Don't forget about money management rules.

The trading idea is based on Whale Trading Strategy. If you want to learn more about this strategy, please send me a message. I will provide you more information.
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